With the news of interest rates rapidly increasing and mortgage products being removed across lenders, it’s understandable to question whether interest rates will cause a crash in the housing market. In this episode, Mark explores why this may or may not happen and the other issues the current turmoil in the market could cause.

KEY TAKEAWAYS
UK base rate is said to hit 6% by May 2023 but this is a market expectation, it may not happen.
There is still demand in the housing market currently but there has been a significant slowdown in the past 6 months.
One way the government could speed up growth in the economy and increase productivity is to remove a lot of unnecessary EU regulations.
The media loves bad news and anything they can sensationalise, hence them talking about housing market crashes and a sterling crisis.
If you do have debt, inflation does have an upside, inflation means your debt is lowered.
In a residential mortgage market, Mark prefers to use fixed-term mortgages, especially long-term ones if you know you aren’t going to move, you can still get good rates now.

BEST MOMENTS

“We’ve gone straight through the crossroads now and things are changing quite rapidly”

“Demand will probably start dropping considerably, we’re probably in recession already” 

“Could house prices crash? Absolutely”

“History tells us when inflation rates start to increase they do so quite quickly”

VALUABLE RESOURCES

https://www.youtube.com/user/progressivepropertyhttps://www.progressiveproperty.co.uk/the-progressive-co-founders/

ABOUT THE HOST

Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.

CONTACT METHOD



Email: Markhomer@progressiveproperty.co.uk

LinkedIn: https://www.linkedin.com/in/markhomer1

Facebook: https://www.facebook.com/markprogressive

Twitter: https://twitter.com/markprogressive

With the news of interest rates rapidly increasing and mortgage products being removed across lenders, it’s understandable to question whether interest rates will cause a crash in the housing market. In this episode, Mark explores why this may or may not happen and the other issues the current turmoil in the market could cause.
KEY TAKEAWAYS 
<ul>
<li>UK base rate is said to hit 6% by May 2023 but this is a market expectation, it may not happen.</li>
<li>There is still demand in the housing market currently but there has been a significant slowdown in the past 6 months.</li>
<li>One way the government could speed up growth in the economy and increase productivity is to remove a lot of unnecessary EU regulations.</li>
<li>The media loves bad news and anything they can sensationalise, hence them talking about housing market crashes and a sterling crisis.</li>
<li>If you do have debt, inflation does have an upside, inflation means your debt is lowered.</li>
<li>In a residential mortgage market, Mark prefers to use fixed-term mortgages, especially long-term ones if you know you aren’t going to move, you can still get good rates now.</li>
</ul>
BEST MOMENTS 
 “We’ve gone straight through the crossroads now and things are changing quite rapidly”
“Demand will probably start dropping considerably, we’re probably in recession already” 
“Could house prices crash? Absolutely”
“History tells us when inflation rates start to increase they do so quite quickly”
VALUABLE RESOURCES 
<a href="https://www.youtube.com/user/progressiveproperty">https://www.youtube.com/user/progressiveproperty</a> <a href="https://www.progressiveproperty.co.uk/the-progressive-co-founders/">https://www.progressiveproperty.co.uk/the-progressive-co-founders/</a>
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
 
Email: Markhomer@progressiveproperty.co.uk
LinkedIn: <a href="https://www.linkedin.com/in/markhomer1">https://www.linkedin.com/in/markhomer1</a>
Facebook: <a href="https://www.facebook.com/markprogressive">https://www.facebook.com/markprogressive</a>
Twitter: <a href="https://twitter.com/markprogressive">https://twitter.com/markprogressive</a>

Investing, business, finance &economics - Mark Homer has the experience to help you with many of your questions & challenges. Mark My Words is a successful, eccentric & introverted businessman’s experience of 20 years with no waffle, ads, bravado or big pitches. Mark will interview the worlds most successful business, finance & money experts as well as impart his knowledge in a factual, direct manner. Mark runs & owns multiple businesses & property portfolios so teaches you what he does on a daily basis. A contrarian investor & capitalist, Mark will help you raise more finance, make more money & grow your business empire.

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